ASEAN: Gin And Geneva Market 2024

Gin And Geneva Market Size in ASEAN

In 2022, the ASEAN gin and geneva market increased by 5.7% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Gin And Geneva Production in ASEAN

In value terms, gin and geneva production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 97%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Gin And Geneva Exports

Exports in ASEAN

In 2022, the amount of gin and geneva exported in ASEAN surged to X litres, jumping by 32% compared with 2021 figures. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 113% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, gin and geneva exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X litres) and Singapore (X litres) represented the largest exporters of gin and geneva in 2022, finishing at near 42% and 40% of total exports, respectively. It was distantly followed by the Philippines (X litres), constituting a 16% share of total exports. Vietnam (X litres) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +55.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest gin and geneva supplier in ASEAN, comprising 77% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by the Philippines, with a 3.3% share.

In Singapore, gin and geneva exports expanded at an average annual rate of +11.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+47.9% per year) and the Philippines (-1.1% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per litre, increasing by 23% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 76%. The level of export peaked at $X per litre in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Gin And Geneva Imports

Imports in ASEAN

In 2022, gin and geneva imports in ASEAN surged to X litres, rising by 46% on 2021 figures. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gin and geneva imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X litres) and Singapore (X litres) were the major importers of gin and geneva in 2022, recording near 39% and 30% of total imports, respectively. The Philippines (X litres) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (7.8%). Cambodia (X litres) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported gin and geneva in ASEAN, comprising 58% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports. It was followed by Malaysia, with a 15% share.

In Singapore, gin and geneva imports expanded at an average annual rate of +11.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+13.8% per year) and Malaysia (+20.6% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per litre, rising by 4% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2018 an increase of 22%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per litre), while the Philippines ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform